Brazil may upgrade grain production record in 2022/23

According to a forecast by Confrom experts, the total production of Grains and Oilseeds in Brazil will reach a record 2022 million tons in 23/312,2, which is 15% more than the result of the previous season. This means that the December estimate is slightly below the analysts' previous forecast (313,04 million tons), reports Successful Farming.

The Harvest of Soybeans in the country could increase by 22,2% per year to 153,48 million tons in the current season, while the previous report forecast 153,54 million tons.

The prognosis for the corn production The analysts have also lowered it slightly — from 126,4 million to 125,83 million tons, but this is 11,2 percent higher than the 2021/22 result.

Source: APKinform (Ukraine)

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